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Daimler to build a fifth Mercedes-Benz model at its Alabama plant

Daimler AG said it will invest $350 million to produce a fifth Mercedes-Benz model at its factory in Vance, Ala., starting in 2015. The investment will create an additional 400 jobs at the plant. The company did not provide details about the additional vehicle.

Shelby 1000 Mustang: A completely bonkers dose of American Muscle Car

Shelby 1000 Mustang Shelby has taken the Ford Mustang GT500 and given it up to 1085bhp to create the Shelby 1000. But it’ll cost you the best part of £150k. Fifty years ago Caroll Shelby changed UK motorways forever by teaming up with AC to produce the AC Cobra which, it is said, was responsible for Barbara Castle introducing the 70mph speed limits on motorways after AC used the new M1 to test the AC Cobra at speeds of up to 180mph.

Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.